Hyperledger Project, a collaborative cross-industry effort created to advance blockchain technology, announced today that eight new members have joined the initiative to establish an open standard for distributed ledgers that will transform the way business transactions are conducted globally.
By creating a cross-industry open standard for distributed ledgers, any digital exchange with value can securely and cost-effectively be tracked and traded.
"The amount of interest we have received from such a diverse set of companies is a testament to the impact the Hyperledger Project is poised to have," said Jim Zemlin, Executive Director at The Linux Foundation. "Through this shared investment, these companies can advance an enterprise grade, open source distributed ledger framework upon which users can build and run a variety of business applications."
Membership investments in this effort have increased by 70 percent since the Hyperledger Project announced its open technical governance structure in February 2016. Working towards an automated, more secure, reliable and transparent way of exchanging and tracking data and assets, the new members join an already diverse group across finance, banking, Internet of Things, supply chains, manufacturing and other technologies. New members include: Beijing AiYi Digital Finance Technology Co. Ltd, Broadridge Financial Solutions, Cloudsoft Corporation Ltd., Coinplug, Cuscal Limited, Eurostep Holdings Ltd., Skry (Coinalytics) and Soramitsu.
New Member Quotes:
Beijing AiYi Digital Finance Technology Co. Ltd
"Blockchain opens a new door to resource sharing and information protection," said Danny Xin Lee, Executive Director of Beijing AiYi Digital Finance Technology. "Cooperation and collaborating with other companies on blockchain-based technologies enables us to expand our vision and new business territory in a way that would otherwise not be possible. We are excited to bring this innovation to the industry and China as a whole."
Broadridge Financial Solutions
"We believe distributed ledger technology has transformative potential to improve the efficiency, safety and economics of the capital markets industry in a significant way," said Vijay Mayadas, SVP and Global Head of Strategy, Broadridge. "We are thrilled to collaborate with the Hyperledger Project to help accelerate innovation and advance the open source development and shared infrastructure standard that underpins blockchain technology."
Cloudsoft Corporation Ltd.
"Interest in blockchain technology has exploded and with this has come the recognition that deploying and managing blockchain applications in the cloud is a critical factor in its adoption by the broader business community," said Duncan Johnston-Watt, CEO, Cloudsoft. "As the founders of the Apache Brooklyn top level project, addressing such management challenges is in our DNA and we are excited to bring our experience to bear on the Hyperledger Project."
"Secure, shared and transparent blockchain technology has the potential to disrupt the financial industry and change our business," said Ryan Uhr, CEO, Coinplug. "We are looking forward to being a part of the Hyperledger Project and seeing first-hand the benefits a collaborative project on ledger technology will bring."
"We're very pleased to join the Hyperledger Project and contribute our expertise in payments and real-time processing to a very exciting project," said Brian Parker, General Manager, Emerging Business, Cuscal. "We believe that distributed ledger technology has the potential to greatly improve legacy systems and processes and that working collaboratively is the best way to achieve this goal."
Eurostep Holdings Ltd.
"At Eurostep Digital, we are actively developing a new solution for investors which will allow trading in securities of unlisted companies using smart contracts and blockchain technology," said Charles Henri Hirsch, Chairman of Eurostep Holdings. "We bring new standards to this asset class with professional reporting from independent sector experts. We bring an asset management level of compliance, governance and data protection for both investors and unlisted companies."
"The adoption of blockchain and distributed ledger technology will be an important step forward in moving towards a protocol-driven economy, where actors can make informed decisions and manage data and assets in an efficient way," said Makoto Takemiya, the CEO of Soramitsu. "We look forward to working with the Hyperledger project to create and promote global standards for interaction with blockchains and distributed ledgers."
"We believe that blockchains will have a transformational impact across industries and see open collaboration as a key component for this technology to reach the next level," said Fabio Federici, Co-Founder and CEO at Skry, Inc. "We are excited to join the Hyperledger Project and work with industry leaders on blockchain solutions to real-world problems."
Contributed | what does this mean?